Barksdale Resources (CVE:BRO) Raised to Speculative Buy at ATB Cormark Capital Markets

Barksdale Resources (CVE:BRO) was upgraded by ATB Cormark Capital Markets from a “sector perform” rating to a “speculative buy” rating in a research note issued to investors on Wednesday, BayStreet reports. The firm presently has a C$0.30 target price on the stock, up from their prior target price of C$0.25. ATB Cormark Capital Markets’ price target would suggest a potential upside of 3.45% from the stock’s current price.

Barksdale Resources Price Performance

CVE BRO opened at C$0.29 on Wednesday. The stock has a market cap of C$68.11 million, a price-to-earnings ratio of -29.00 and a beta of -0.88. The company has a current ratio of 6.63, a quick ratio of 1.56 and a debt-to-equity ratio of 10.23. Barksdale Resources has a 52 week low of C$0.07 and a 52 week high of C$0.55. The company has a 50-day moving average price of C$0.19 and a two-hundred day moving average price of C$0.27.

About Barksdale Resources

Barksdale Resources Corp. engages in the acquisition and exploration of precious and base metal mineral properties in the United States and Mexico. It primarily explores for copper, zinc, lead, silver, and gold ores. The company's primary asset is the Sunnyside property comprising of 286 unpatented mining claims covering approximately 5,223.71 acres located in the Patagonia Mountains of southern Arizona. It also holds interest in the San Antonio, the Four Metals, the Canelo, and the Goat Canyon projects located in Santa Cruz County, Arizona; and the San Javier property located in central Sonora, Mexico.